Technology Select Sector SPDRClose $180.59EOD only
Max Pain
$185.00
Next expiry Jul 10, 2026
Expected Move
±$7.61
4.2% from close
Price Gap
+4.41
Distance to max pain
IV Rank
12
Low premium
P/C OI
1.44
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects XLK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — XLK
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $185.00 (4.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$185.00
Nearest expiry
Expected Move
±$7.61
±4.2%
Days to Expiry
8
Calendar days
Total Call OI
6,195
Nearest expiry
Total Put OI
13,251
Nearest expiry
P/C OI Ratio
2.14
Put-heavy
Spot Price
$180.59
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$185.00
6/26/2026, 11:36:36 PM
2026-07-02
$181.00
7/2/2026, 11:37:18 PM
2026-07-10NextUpdated
$185.00
7/3/2026, 11:34:39 PM
2026-07-17
$178.00
7/3/2026, 11:34:39 PM
2026-07-24
$185.00
7/3/2026, 11:34:39 PM
2026-07-31
$182.50
7/3/2026, 11:34:39 PM
2026-08-07
$180.00
7/3/2026, 11:34:39 PM
2026-08-21
$180.00
7/3/2026, 11:34:39 PM
2026-09-18
$165.00
7/3/2026, 11:34:39 PM
2026-12-18
$162.50
7/3/2026, 11:34:39 PM
2027-01-15
$150.00
7/3/2026, 11:34:39 PM
2027-03-19
$180.00
7/3/2026, 11:34:39 PM
2027-04-16
$160.00
7/3/2026, 11:34:39 PM
2027-06-17
$130.00
7/3/2026, 11:34:39 PM
Selected expiration: 2026-07-10 at max pain $185.00.
XLK pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
115
0
50468450
50468450
120
55500
43858950
43914450
125
171500
37280450
37451950
130
290500
30746450
31036950
135
409500
27357450
27766950
140
555000
24077950
24632950
145
700500
20800950
21501450
149
817700
18179350
18997050
150
847000
17524350
18371350
152.5
941250
15895100
16836350
153
960100
15569300
16529400
155
1035500
14299100
15334600
159
1186300
11765100
12951400
160
1224000
11131900
12355900
165
1415500
7982900
9398400
166
1453800
7357900
8811700
167
1492100
6733100
8225200
167.5
1511250
6421150
7932400
168
1530500
6109650
7640150
169
1569100
5487150
7056250
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.